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Asia
Hainan Rubber Industry Receives 75-Million-Yuan Insurance Payout for Cold Damage
China Hainan Rubber Industry (SHA:601118) received 74.8 million yuan in insurance compensation for cold damage that affected its rubber trees in January, according to a Thursday filing with the Shanghai bourse.The payout includes 66.7 million yuan under the full cost insurance policy that will reduce agricultural production costs and 8.1 million yuan under the materialized cost insurance policy that will reduce productive biological assets.The final accounting treatment will depend on audit confirmation.Shares of the rubber company were down 1% in recent trade.
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Asia
UnUsUaL Flags Net Loss in Fiscal 2026; Shares Down 7%
UnUsUaL (SGX:1D1) is expecting to book a net loss for the fiscal year ended March 31, according to a filing with the Singapore Exchange on Wednesday.Shares of the live events and concerts company plunged over 7% in Thursday trading.The company has attributed its net loss to increased operational costs amid heightened market competition and will release its results on May 28.
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Norway's BlueNord Places $400 Million of Senior Unsecured Bond
BlueNord (BNOR.OL) said Wednesday it issued a new senior unsecured bond worth $400 million with a fixed interest rate of 7.875% per annum.The five-year bond is due in 2031, with the net proceeds earmarked for refinancing the oil and gas company's $300 million senior unsecured bonds, as well as for general corporate purposes. Settlement is scheduled for May 19.DNB Carnegie, Fearnley Securities, and Pareto Securities acted as joint bookrunners for the bond issue.
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